The OLB Group, Inc. (NASDAQ:OLB) Short Interest Update

The OLB Group, Inc. (NASDAQ:OLB) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 5,400 shares, a growth of 22.7% from the October 15th total of 4,400 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 35,200 shares, the days-to-cover ratio is currently 0.2 days.

The OLB Group Stock Performance

OLB stock traded up $0.04 on Friday, reaching $1.89. The company’s stock had a trading volume of 77,168 shares, compared to its average volume of 146,493. The business has a fifty day simple moving average of $2.26 and a two-hundred day simple moving average of $2.74. The OLB Group has a 12-month low of $1.64 and a 12-month high of $11.70. The firm has a market cap of $3.40 million, a PE ratio of -0.33 and a beta of 2.38.

The OLB Group (NASDAQ:OLB) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($1.49) EPS for the quarter. The OLB Group had a negative return on equity of 234.52% and a negative net margin of 155.02%. The business had revenue of $3.52 million during the quarter.

About The OLB Group

The OLB Group, Inc is a diversified fintech e-commerce merchant services provider and Bitcoin crypto mining enterprise. The Company’s eCommerce platform delivers e-commerce services for a digital commerce solution to over 10,500 merchants in all 50 states. The Company’s wholly owned subsidiary, DMINT, Inc, is engaged in the mining of Bitcoin utilizing low carbon natural gas with over 1,000 application-specific integrated circuit (ASIC)-based S19j Pro 96T mining computers.